Medical Office Building with NNN
For Sale
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7501 W 15th Ave, Gary, IN 46406
Occupational medicine facility within a medical office building, featuring an 8.5-year NNN lease structure.
Property Size16,182 SF
Days on Market133
Property Features for 7501 W 15th Ave
General Information
Standard status
Active
Size
16,182 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Physician Real Estate Capital Advisors, LLC
Listed By:
Scott Niedergang · License #IL 471021337
Source:
Crexi
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 14 at 7:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Physician Real Estate Capital Advisors, LLC
Investment Insights
Based on property information with market context.
Concentra Health Services, Inc. occupies 11,610 square feet within a 16,182 square foot medical office building. The second-floor suite is currently used via a sublease by 1Source and is expected to be vacant by the end of 2022. Concentra’s usable space is 11,610 square feet, and Concentra is responsible for 100% of the building real estate taxes, insurance, and common area maintenance. The building is covered under an 8.5-year NNN lease with two 5-year renewal options at fair-market value, which commenced February 12, 2022.
The space is utilized as an occupational medicine clinic and worker’s compensation injury management facility. Services listed include urgent care, check-ups, physical therapy, physical exams, drug screens including breath alcohol testing, and lab testing.
Patient access is described as convenient due to the property’s location directly between I-90 and I-94, just off the State Road 912 on and off ramps, with the City of Hammond located just across State Road 912 to the west.
The space is utilized as an occupational medicine clinic and worker’s compensation injury management facility. Services listed include urgent care, check-ups, physical therapy, physical exams, drug screens including breath alcohol testing, and lab testing.
Patient access is described as convenient due to the property’s location directly between I-90 and I-94, just off the State Road 912 on and off ramps, with the City of Hammond located just across State Road 912 to the west.
Key Highlights
- Concentra Health Services occupies 11,610 SF within a 16,182 SF medical office building at 7501 W. 15th Avenue, Gary, IN.
- New 8.5‑year NNN lease commenced February 12, 2022, with 2 additional 5‑year options to renew at fair‑market value.
- Base‑term rent is $16.00 per SF, and Concentra is responsible for 100% of building real estate taxes, insurance, and common area maintenance.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46406, IN
8,776
Population
3,938
Households
2.2
Avg Household Size
36
Median Age
9%
College-Educated
81%
High-School Grad
13.5 sq mi
ZIP Area
650
Density / Sq Mi
$35,631
Median Household Income
$28,705
Median Earnings
$972
Median Rent
$86,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Occupational medicine facility within a medical office building, featuring an 8.5-year NNN lease structure.
Where is this medical office space located?
The property is located at 7501 W 15th Ave Gary, IN.
What are key features of this property?
This property features: Concentra Health Services occupies 11,610 SF within a 16,182 SF medical office building at 7501 W. 15th Avenue, Gary, IN.; New 8.5‑year NNN lease commenced February 12, 2022, with 2 additional 5‑year options to renew at fair‑market value.; Base‑term rent is $16.00 per SF, and Concentra is responsible for 100% of building real estate taxes, insurance, and common area maintenance.
